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A company expects sales of $420 million next year assuming a 20% increase from the previous year. The firm anticipates $28.75 million in retained earnings

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A company expects sales of $420 million next year assuming a 20% increase from the previous year. The firm anticipates $28.75 million in retained earnings after taxes and dividends have been paid, assuming that $1 million in depreciation expense have been deducted. Working capital is expected to represent 40% of change in sales. Required: Determine the amount of surplus (or deficit) in funds. 1.75 k (INPUT YOUR ANSWER INK, ROUNDED TO 2 DECIMAL PLACES. FOR EXAMPLE: 1.23. USE THE MINUS SIGN TO INDICATE A NEGATIVE ANSWER. FOR EXAMPLE: -1.23)

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